NetEase (NTES) stock price, revenue, and financials

NetEase market cap is $72.7 b, and annual revenue was ¥59.24 b in FY 2019

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$72.7 B

NTES Mkt cap, 15-Jan-2021

NetEase Revenue Q3, 2020

NetEase Gross profit (Q3, 2020)9.9 B

NetEase Gross profit margin (Q3, 2020), %53%

NetEase Net income (Q3, 2020)2.8 B

NetEase EBIT (Q3, 2020)2.9 B

NetEase Cash, 30-Sept-20206.5 B

NetEase EV88.5 B

NetEase revenue was ¥59.24 b in FY, 2019 which is a 11.8% year over year decrease from the previous period.

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NetEase revenue breakdown by business segment: 19.4% from Innovative Businesses and Others, 78.4% from Online Games Services and 2.2% from Other

CNY	FY, 2017	FY, 2018	FY, 2019
Revenue	54.1b	67.2b	59.2b
Revenue growth, %		24%	(12%)
Cost of goods sold	28.2b	38.8b	27.7b
Gross profit	25.9b	28.4b	31.6b
Gross profit Margin, %	48%	42%	53%
Sales and marketing expense	7.0b	9.5b	6.2b
R&D expense	4.4b	7.8b	8.4b
General and administrative expense	2.4b	3.2b	3.1b
Operating expense total	13.8b	20.5b	17.8b
EBIT	12.2b	7.9b	13.8b
EBIT margin, %	22%	12%	23%
Interest income	667.3m	587.5m	821.8m
Investment income	362.1m		1.3b
Pre tax profit	13.0b	8.9b	16.4b
Income tax expense	2.2b	2.5b	2.9b
Net Income	10.8b	6.5b	21.4b
EPS	3.2	1.9	6.5

CNY	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Revenue	14.2b	16.3b	16.9b	14.4b	14.4b	14.6b	17.1b	18.2b	18.7b
Cost of goods sold	8.2b	9.0b	9.3b	6.7b	6.7b	6.8b	7.7b	8.4b	8.8b
Gross profit	6.0b	7.2b	7.5b	7.7b	7.7b	7.9b	9.4b	9.8b	9.9b
Gross profit Margin, %	42%	44%	45%	54%	54%	54%	55%	54%	53%
Sales and marketing expense	2.5b	2.3b	2.4b	1.2b	1.3b	1.6b	1.9b	2.3b	3.4b
R&D expense	1.5b	1.9b	2.3b	2.0b	1.9b	2.2b	2.1b	2.4b	2.8b
General and administrative expense	796.8m	720.9m	822.3m	786.9m	776.9m	753.8m	885.4m	892.6m	783.8m
Operating expense total	4.7b	4.9b	5.4b	4.0b	4.0b	4.5b	4.9b	5.6b	7.0b
EBIT	1.2b	2.3b	2.1b	3.8b	3.7b	3.3b	4.5b	4.2b	2.9b
EBIT margin, %	9%	14%	13%	26%	26%	23%	26%	23%	15%
Interest income	165.5m	141.6m	113.1m	172.2m	185.2m	1.8b	345.2m	396.5m	446.9m
Investment income	80.8m			155.8m	24.1m	394.9m		711.2m	1.3b
Pre tax profit	1.1b	2.7b	2.5b	4.1b	4.1b	4.2b	5.0b	5.7b	3.1b
Income tax expense	282.7m	420.5m	843.8m	1.3b	683.8m	88.0m	1.1b	1.1b	342.7m
Net Income	804.8m	2.3b	1.6b	2.5b	3.1b	12.8b	4.0b	4.7b	2.8b
EPS	0.2	0.7	0.5	0.7	1.0	3.9	1.1	1.4	0.9

CNY	FY, 2017	FY, 2018	FY, 2019
Cash	2.8b	5.4b	3.2b
Accounts Receivable	3.6b	4.3b	4.2b
Prepaid Expenses	3.8b	4.6b	4.8b
Inventories	5.5b	5.0b	650.6m
Current Assets	61.9b	68.7b	85.1b
PP&E	3.8b	5.4b	4.6b
Total Assets	71.0b	87.0b	112.2b
Accounts Payable	2.4b	2.4b	1.2b
Short-term debt	6.6b	13.7b	17.0b
Current Liabilities	23.8b	35.1b	38.2b
Long-term debt			279.9m
Non-Current Liabilities	231.5m	447.3m	839.9m
Total Debt	6.6b	13.7b	17.3b
Total Liabilities	24.0b	35.6b	39.1b
Common Stock	2.7m	2.6m	2.6m
Additional Paid-in Capital	1.8b		3.9b
Retained Earnings	42.7b	44.0b	56.4b
Total Equity	46.4b	46.0b	62.6b
Debt to Equity Ratio	0.1 x	0.3 x	0.3 x
Debt to Assets Ratio	0.1 x	0.2 x	0.2 x
Financial Leverage	1.5 x	1.9 x	1.8 x

CNY	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Cash	3.7b	3.1b	4.8b	4.1b	4.8b	2.7b	5.6b	10.6b	6.5b
Accounts Receivable	4.4b	3.9b	4.6b	5.1b	4.5b	4.7b	4.6b	5.0b	4.9b
Prepaid Expenses	4.7b	4.4b	4.7b	5.4b	4.7b	11.8b	6.1b	6.0b	7.0b
Inventories	5.1b	5.7b	6.3b	4.3b	4.0b	686.7m	562.1m	558.8m	524.4m
Current Assets	63.4b	62.4b	63.0b	71.6b	73.0b	82.5b	90.2b	111.1b	113.8b
PP&E	4.3b	4.9b	5.3b	5.4b	5.5b	4.7b	4.6b	4.4b	4.4b
Total Assets	73.8b	75.4b	80.0b	91.4b	92.8b	105.8b	118.7b	144.2b	144.7b
Accounts Payable	2.4b	2.3b	2.6b	2.9b	2.6b	1.2b	1.2b	853.7m	997.1m
Short-term debt	9.5b	12.7b	13.6b	14.1b	13.6b	15.5b	19.9b	21.9b	22.2b
Current Liabilities	27.9b	29.6b	33.1b	36.2b	33.9b	34.6b	43.4b	45.2b	46.9b
Long-term debt							282.9m
Non-Current Liabilities	421.5m	591.1m	625.8m	1.1b	1.4b	1.2b	1.1b	1.5b	1.0b
Total Debt	9.5b	12.7b	13.6b	14.1b	13.6b	15.5b	20.1b	21.9b	22.2b
Total Liabilities	28.3b	30.2b	33.8b	37.3b	35.3b	35.8b	44.5b	46.7b	48.0b
Common Stock							2.7m
Additional Paid-in Capital							4.7b
Retained Earnings							59.0b
Total Equity	45.1b	44.2b	44.1b	48.6b	51.7b	64.1b	63.8b	87.0b	86.1b
Debt to Equity Ratio	0.2 x	0.3 x	0.3 x	0.3 x	0.3 x	0.2 x	0.3 x	0.3 x	0.3 x
Debt to Assets Ratio	0.1 x	0.2 x	0.2 x	0.2 x	0.1 x	0.1 x	0.2 x	0.2 x	0.2 x
Financial Leverage	1.6 x	1.7 x	1.8 x	1.9 x	1.8 x	1.7 x	1.9 x	1.7 x	1.7 x

CNY	FY, 2017	FY, 2018	FY, 2019
Net Income	10.8b	6.5b	21.4b
Depreciation and Amortization	801.8m	2.1b	2.6b
Accounts Receivable	565.2m	(710.9m)	(11.3m)
Inventories	(3.9b)	457.1m	415.1m
Accounts Payable	1.1b	(85.2m)	13.2m
Cash From Operating Activities	11.9b	13.4b	16.9b
Purchases of PP&E	(1.8b)	(2.5b)	(1.2b)
Cash From Investing Activities	(13.2b)	(13.6b)	(22.1b)
Short-term Borrowings	(58.2b)	6.2b	2.2b
Dividends Paid	(3.3b)	(1.4b)	(8.8b)
Cash From Financing Activities	(1.3b)	1.6b	1.1b
Net Change in Cash	(2.7b)	1.5b	(3.8b)
Interest Paid		301.8m	431.4m
Income Taxes Paid	2.7b	2.0b	3.2b

CNY	Q1, 2018	Q2, 2018	Q3, 2018	Q1, 2019	Q2, 2019	Q3, 2019	Q1, 2020	Q2, 2020	Q3, 2020
Net Income	804.8m	2.3b	1.6b	2.5b	3.1b	12.8b	4.0b	4.7b	2.8b
Depreciation and Amortization	366.4m	470.8m	570.2m	587.3m	642.4m	703.4m	690.1m	892.2m	913.0m
Accounts Receivable	(888.2m)	623.9m	(729.7m)	(773.8m)	584.6m	(333.9m)	(430.5m)	(498.5m)	43.2m
Inventories	353.9m	(555.0m)	(615.0m)	740.2m	310.9m	83.2m	88.4m	3.3m	34.4m
Accounts Payable	(22.3m)	(295.4m)	420.9m	560.1m	(339.4m)	(105.1m)	(98.7m)	(271.7m)	147.8m
Cash From Operating Activities	1.9b	2.0b	3.6b	3.4b	4.5b	3.6b	6.5b	4.8b	5.4b
Purchases of PP&E	(670.1m)	(774.9m)	(670.3m)	(422.6m)	(297.3m)	(329.7m)	(164.3m)	(237.0m)	(350.9m)
Cash From Investing Activities	(1.1b)	(3.9b)	(398.9m)	(4.7b)	(3.4b)	(7.1b)	(2.5b)	(20.3b)	(7.5b)
Short-term Borrowings	(19.9b)	(44.0b)	265.4m	741.1m	(1.1b)	1.5b	2.4b	1.9b	1.0b
Dividends Paid	(2.3b)	(191.6m)	(533.7m)	(413.6m)	(613.1m)	(923.4m)	(926.5m)	(1.1b)	(1.4b)
Cash From Financing Activities	(2.8m)	(292.0m)	(914.2m)	411.1m	(1.2b)	732.6m	(2.6b)	20.2b	(2.5b)
Net Change in Cash	798.1m	(2.1b)	2.4b	(961.4m)	(101.3m)	(2.5b)	2.7b	4.9b	(4.6b)
Interest Paid				108.7m	115.4m	73.6m	96.7m	55.3m	47.9m
Income Taxes Paid	451.0m	535.9m	600.1m	537.8m	564.4m	906.4m	202.0m	548.6m	948.1m

	FY, 2015	FY, 2016	Q1, 2017	Q3, 2017	FY, 2017	Q1, 2018	FY, 2018	FY, 2019
Active Users, ABA Game						10 m
Advertising Professionals	414	486			522		659
Brands (E-commerce)					2.70 k		4.30 k
Call Center Personnel	1.80 k	1.80 k			1.70 k		1.70 k
Co-located Servers	39 k	50 k			77 k		106 k	106 k
Corporate E-mail Users	450 k	450 k			650 k
Countries (E-commerce)					40		50
Downloads (Onmyoji)			200 m
Downloads (Youdao Dictionary)	596 m	691 m			730 m
E-mail Registered Users	840 m	910 m			980 m		1.03 b	1 b
Games	80	100			100		100	140
Monthly Active Users (Youdao Dictionary)								51.90 m
Monthly Active Users (Youdao)								100 m
Personnel Provided (Blizzard)	568	546			500
Programmers Network	4.60 k	5.90 k			7 k		10 k
Regist Users (Minecraft)				30 m		60 m
Registered Users (NetEase Cloud Music)								800 m
Smart Devices Distributed								459.18 k
VIP E-mail Active Users	433 k	433 k			470 k